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Oil’s Slump Gives Nigeria Chance to End $7-Billion Fuel Subsidy

By Elisha Bala-Gbogbo

ABUJA, Nigeria, December 24, 2014 (Bloomberg News) -- The tumbling oil prices that have slashed Nigeria’s revenue and roiled currency and stock markets in Africa’s biggest economy may have a silver lining: an excuse for the government to scrap fuel subsidies that cost as much as $7 billion a year.

India's Big African Opportunity

By Tim Steinecke

NEW DELHI, India, December 15, 2014 (The Diplomat) -- The Indian Ministry of External Affairs recently announced that it would be postponing the third India-Africa Forum Summit, which had been scheduled to take place in New Delhi in December 2014. The main reason behind the decision appears to be the ongoing Ebola epidemic in Western Africa.

Kenya Seeks Closer Cooperation With Russia

MOSCOW, December 10, 2014 (Buziness Africa) – By its geographical spread, the Republic of Kenya is rich in natural resources. The country is located in Great Lakes region of East Africa. The capital, Nairobi, is a commercial hub. Kenya’s economy is the largest by GDP in Southeast and Central Africa. Agriculture is a major employer, the country traditionally exports tea and coffee, and has more recently begun to export flowers to Europe. For some reasons, many foreign investors choose Kenya: it is a politically and socially stable country and a preferred investment destination that serves as a gateway to the burgeoning market in East Africa.

South African Official Promotes Business, People-to-People Connections in Astana

By Michelle Witte

ASTANA, Kazakhstan, November 27, 2014 (Astana Times) – Deputy Minister of International Relations and Cooperation Nomaindiya Mfeketo visited Astana from Nov. 5-6 to co-chair the fourth round of South Africa-Kazakhstan Bilateral Consultations with Deputy Minister of Foreign Affairs of Kazakhstan Askar Mussinov and address the first Kazakhstan-South Africa Business Forum held under the bilateral consultations.

Russia Plans to Develop Ties with Africa

MOSCOW, November 19, 2014 (TASS) -- Russia plans to develop relations with African countries and will give all assistance they need, Russian President Vladimir Putin said at a ceremony of receiving credentials from ambassadors of several foreign countries, including diplomats of several African states in the Kremlin.

NABA: A Bridge between Norwegian and African Business

OSLO, Norway, November 14, 2014 (Buziness Africa) -- The Norwegian-African Business Association (NABA) is one of the Norwegian-African platforms that seeks to promote business opportunities on the African continent and serves as a bridge between Norwegian and African business communities. NABA analyzes the current landscape, advocates for more, better and safer business collaboration between Norwegian and African business communities and hosts events for its more than 80 member companies.